Let's wrap up our QI selection series with the human element - because relationships and reputation can make or break your exchange!

Sometimes life happens faster than you think (weddings, job changes, market shifts), so it helps to know your break even point in case you need to move on sooner rather than later.

The sponsor if they even consider allowing you would be a huge red flag for me knowing if they will accept non accredited investors what other rules are they breaking. 3.

@Adedayo Adetunji people that break into a property & occupy it are called "squatters".On September 24, 2014, three new Michigan Statutes went into effect to make squatting a crime and give landlords more options to remove them (see Michigan HB 5069/PA223, HB 5070/PA224, HB 5071/PA225).

. ($300k has to be earned to net $250k.) so you’re looking 5 years of zero vacancy and zero capex to break even.

38116 and 38118 are the areas Im referring to and I have a Podcast where I break down the stats and all details of those areas.

🔒Let's break this down:Under IRC §469, rental real estate activities are considered "passive" by default.

The city wants to have "Neighborhood Anchors Points" consisting of Mixed-Use and Retail/commercialVisual of all land bank properties The area I will focus in.A break down of cost to purchase all Land Bank properties on each street. 

But the competition is high so cash flow or even break even can be an unphill battle unless you're willing to put money into the property.

Would love cash flow, of course, but if I could at least break even on a highly appreciating property, I'd be happy with that.